All Barclays articles
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NewsBarclays Bank scheme completes £7bn longevity deal
On the go: The £41.2bn Barclays Bank UK Retirement Fund has reinsured £7bn of liability against longevity risk with an insurance subsidiary of Prudential Financial.
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NewsPRA warns banks against ‘gaming’ pension transactions
On the go: The Bank of England’s Prudential Regulation Authority has ordered banks against “gaming” deals linked to their defined benefit schemes to offset regulatory requirements.
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NewsDWS Group acquires minority stake in Smart
On the go: Asset manager DWS Group has acquired a minority stake in Smart, the platform provider behind master trust Smart Pension.
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NewsPension risk transfer activity expected to increase in H2 2021
Data crunch: Although UK pension schemes have shown a reduced appetite for risk transfers so far this year, there could be a rise in the number of buyout and buy-in deals that will be completed during the second half of 2021.
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NewsFourteen pension schemes commit to net-zero targets
On the go: Fourteen pension schemes, which collectively manage nearly £270bn of assets, have committed to set net-zero targets to align their investment portfolios with a 1.5C pathway.
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Pension Protection Fund steps into social housing
On the go: The £36bn Pension Protection Fund has provided £65m of an £85m funding deal to refinance Monmouthshire Housing Association’s entire loan portfolio.
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Barclays integrates ESG into £1.3bn sustainable growth fund
On the go: The Barclays Bank UK Retirement Fund has announced the integration of environmental, social and governance factors, as well as climate risk, into its diversified Multi-asset Growth Fund.
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LGPS funds call on HSBC to reduce fossil fund assets exposure
On the go: Brunel Pension Partnership, Islington Pension Fund and Merseyside Pension Fund are three of the 15 institutional investors that have filed a climate change resolution at HSBC.
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OpinionHow the pandemic drove financial innovation
Impact Investing Institute chief executive Sarah Gordon details recent innovations in the social market driven by the pandemic, and explains how the social sector is increasingly using capital markets to achieve its objectives.
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Barclays Bank agrees £5bn longevity swap
On the go: The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America.
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Barclays Bank coughs up £750m in unusual DRC move
In an unusual arrangement, Barclays Bank UK Retirement Fund’s deficit recovery plan remains on track through a self-investment, as the scheme subscribed to a £750m bond issued by an entity of the banking group.
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Investors tell Barclays to go further on climate commitments
On the go: Two Local Government Pension Scheme investors are to back a shareholder resolution aimed at forcing Barclays into line with the Paris Climate Agreement targets.
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NewsCovid-19: Volatility returns to markets after UK banks scrap dividends
While UK banks suspended dividend payments amid pressure from the regulator, European markets returned to volatile conditions. Meanwhile, FTSE 350 companies’ defined benefit schemes reached an accounting surplus.
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Nest joins campaign for Barclays fossil fuel divestment
On the go: Master trust Nest has joined a group of institutional investors urging Barclays to publish a plan to gradually phase out its financing of fossil fuel companies.
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NewsLocal schemes urge Barclays to stop financing fossil fuel companies
Several local government pension schemes are asking Barclays to publish a plan to gradually phase out its financing of fossil fuel companies, as the bank has provided more than $85bn (£65bn) to such companies since the Paris Agreement was signed in 2015.
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Pension funds in line for forex multibillion-pound bonanza
UK pension funds could be in line to receive billions of pounds in compensation from five banking giants, as a former chairman of the Pensions Regulator takes them to court in one of the first US-style class actions in the UK.
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High Court set to hear objections to Barclays pension plans
The High Court will hear objections to Barclays’ decision to back its pension scheme with its non-ringfenced investment bank, reports the Financial Times.
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Select committee questions TPR on Barclays scheme sponsorship
The Work and Pensions Committee is questioning the Pensions Regulator on the sponsorship of Barclays Bank’s pension scheme in relation to the company’s restructuring plans.
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Barclays scheme probes impact of ringfencing
Barclays is assessing which of its entities will participate in the bank’s UK Retirement Fund from 2026, when ringfencing regulations become fully effective, as schemes across the sector face up to complex covenant questions.
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NewsAsset insourcing saves LPFA 75% on fees
FT Investment Management Summit: The London Pensions Fund Authority could run as much as half of its assets in-house within the next three years, cutting the fees charged on those assets by three-quarters.